Needham & Company LLC Reaffirms “Hold” Rating for Vicor (NASDAQ:VICR)

Needham & Company LLC reaffirmed their hold rating on shares of Vicor (NASDAQ:VICR) in a research note issued to investors on Wednesday morning, Benzinga reports.

Vicor Price Performance

Shares of NASDAQ VICR opened at $46.32 on Wednesday. Vicor has a 1 year low of $30.90 and a 1 year high of $51.89. The company’s 50-day moving average is $39.51 and its 200 day moving average is $36.67. The stock has a market capitalization of $2.06 billion, a P/E ratio of 46.32 and a beta of 1.51.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.03% and a net margin of 6.08%. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business’s revenue was down 13.6% compared to the same quarter last year.

Insider Activity

In related news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total transaction of $841,790.02. Following the completion of the transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at $564,788.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in Vicor by 32.2% during the 1st quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock valued at $3,580,000 after purchasing an additional 22,797 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Vicor by 178.7% in the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock worth $6,916,000 after purchasing an additional 115,966 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Vicor in the second quarter worth $5,019,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Vicor during the first quarter valued at $264,000. Finally, Bruce & Co. Inc. boosted its position in shares of Vicor by 55.6% during the second quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.